Luz Y Esperanza 2 Group

Luz is the coordinator of the Luz y Esperanza 2 Group (Light and Hope). She lives in Santiago, the second largest city -- in population and in economy -- in the county.

Luz has a cafeteria and also sells miscellaneous items. She began her business about three years ago, with her first Esperanza international loan. She is asking for her sixth loan with Esperanza in order to buy goods for her cafeteria, where she sells sandwiches, juices, hot dogs and many snacks.

With this investment she plans to expand her business and add more products such as blouses, pants, shirts and other items to her miscellaneous sales. Her business profits will be used to reinvest and save.

Luz lives with her long-term partner and their three children, all of whom still live at home. Their simple home is in a slum area of this big city. The most important goal that Luz has right now is to build her own house. Luz enjoys dancing and watching television. One of her dreams is to buy a plot of land and build her house.

Luz and her group are grateful for the great help they have been given by Kiva lenders because each step brings them closer to achieving their dreams and goals.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.